Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - As of the week ending December 25, 2025, the U.S. soybean export inspection volume was 750,312 tons, in line with market expectations [1] - A private exporter reported a sale of 10,000 tons of soybeans to Egypt for delivery in the 2025/2026 market year [1] 3. Summary by Relevant Catalogs Overnight Market Information - The U.S. soybean export inspection volume as of the week ending December 25, 2025, was 750,312 tons, with the previous market forecast ranging from 750,000 - 1,200,000 tons. The volume in the previous week was revised to 929,365 tons from an initial value of 870,199 tons. The export inspection volume to the Chinese mainland that week was 135,417 tons, accounting for 18.05% of the total. As of the week ending December 26, 2024, the U.S. soybean export inspection volume was 1,643,692 tons. So far this crop year, the cumulative U.S. soybean export inspection volume is 15,396,334 tons, compared with 28,671,623 tons in the same period of the previous year [1] - A private exporter reported a sale of 10,000 tons of soybeans to Egypt for delivery in the 2025/2026 market year [1] Spot Prices - The spot prices of various products from December 23 - 29, 2025, are presented in a table, including prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu [2] Protein Meal Basis - Not provided in the given content Fatty Basis - Not provided in the given content Fatty Oil Futures Spread - Not provided in the given content

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - The report presents the latest data on the soybean industry from multiple countries, including the US, Brazil, Argentina, and China, covering aspects such as crop growth, export, production, and import [1]. 3. Summary by Relevant Catalogs Overnight Market Information - US Soybeans - As of the week ending June 8, 2025, the US soybean good-to-excellent rate was 68%, in line with market expectations, up from 67% the previous week and lower than 72% in the same period last year [1]. - The US soybean planting rate was 90%, lower than the market - expected 91%, up from 84% the previous week, higher than 86% last year and the five - year average of 88% [1]. - The US soybean emergence rate was 75%, up from 63% the previous week, higher than 68% last year and the five - year average of 72% [1]. - As of the week ending June 5, 2025, the US soybean export inspection volume was 547,040 tons, exceeding the market forecast of 155,000 - 400,000 tons, up from the revised 301,459 tons the previous week [1]. - The export inspection volume to the Chinese mainland was 0 tons this week. The cumulative US soybean export inspection volume this crop year was 45,188,245 tons, compared with 40,543,390 tons in the same period last year [1]. Brazil Soybeans - As of June 6, about 64% of Brazil's 2024/25 - year soybeans had been sold, lower than 71.8% in the same period last year and the five - year average. The 2024/25 - year soybean production is expected to be 172.45 million tons [1]. - Brazil's 2025/26 - year soybean sales rate was 10.8%, lower than 14.6% in the same period last year and the five - year average of 20.6%. The 2025/26 - year soybean production is expected to be 182.57 million tons [1]. Argentina Soybeans - The Buenos Aires Grain Exchange estimated that Argentina's 2024/2025 - year soybean production would be 48.5 million tons [1]. - As of the end of May, the soybean crop harvest rate in Argentina was 80.7%, with the early - sown soybeans 86% harvested. The soybean crop yield is expected to be 3,090 kg/ha (46.0 bushels/acre), with a yield range of 1,200 - 3,740 kg/ha (17.8 - 55.7 bushels/acre) [1]. China's Imports - China's soybean imports from January to May were 37.108 million tons, a 0.7% decrease from the same period last year. In May, the soybean import volume was 13.918 million tons [1]. - China's edible vegetable oil imports from January to May were 2.491 million tons, a 12.9% decrease from the same period last year. In May, the import volume was 462,000 tons [1]. - China's grain imports from January to May were 48.368 million tons, a 29.7% decrease from the same period last year. In May, the import volume was 16.552 million tons [1]. Spot Prices - The report provides spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from June 3 to June 9, 2025 [1].